Schedule K-1 (Form 20S Only): Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S Only) (2025)
Alabama · Alabama DOR · Used for tax years 2025
Alabama Schedule K-1 (Form 20S) reports a shareholder’s share of income, deductions, credits, distributions, and other items for 2025. It includes corporation and shareholder information, amounts allocated and apportioned to Alabama, and amounts to be reported by Alabama resident
What you'll need
The form asks for the following information:
- The corporation’s employer identification number, name, and address.
- The shareholder’s identifying number, name, address, entity type, and percentage of stock ownership for the tax year.
- The shareholder’s nonresident status and, if a nonresident, state of legal residence.
- Alabama and everywhere sales, and the entity’s total apportionment percentage.
- Credit codes and maximum allowable amounts from Schedule PC.
- The shareholder’s share of income, deductions, credits, distributions, and other items listed on the form.
The form also has boxes for nominee status, Schedule NRA filed, and electing pass-through entity status.
Questions people ask
What does Alabama Schedule K-1 (Form 20S) report?
It reports the shareholder’s share of current-year income, deductions, credits, and other items. This schedule is for Form 20S only.
Does the form distinguish Alabama-source amounts from amounts reported by Alabama residents?
Yes. It has separate columns for the distributive share allocated and apportioned to Alabama and the distributive share to be reported by Alabama residents.
What information does the form request for a nonresident shareholder?
It asks you to check the nonresident box and provide the shareholder’s state of legal residence.
Can the schedule be marked final or amended?
Yes. The form includes separate boxes labeled “Final K-1” and “Amended K-1.”
Where are credits from Schedule PC listed?
Section G provides spaces for the credit code and maximum allowable amount for each credit from Schedule PC.